Question 1

A toy train layout designed to represent an actual railyard is an example of an analog model.

Accepted Answer

A) True 
 B)False  False

Question 2

Frederick Taylor is credited with forming the first MS/OR interdisciplinary teams in the 1940's.

Accepted Answer

A) True 
 B)False  False

Question 3

In a multicriteria decision problem

Accepted Answer

A)  it is impossible to select a single decision alternative. 
B)  the decision maker must evaluate each alternative with respect to each criterion. 
C)  successive decisions must be made over time. 
D)  each of these choices are true. 
A)  it is impossible to select a single decision alternative. 
B)  the decision maker must evaluate each alternative with respect to each criterion. 
C)  successive decisions must be made over time. 
D)  each of these choices are true. B

Question 4

Decision alternatives

Accepted Answer

A)  should be identified before decision criteria are established. 
B)  are limited to quantitative solutions 
C)  are evaluated as a part of the problem definition stage. 
D)  are best generated by brain-storming. 
A)  should be identified before decision criteria are established. 
B)  are limited to quantitative solutions 
C)  are evaluated as a part of the problem definition stage. 
D)  are best generated by brain-storming.

Question 5

To find the choice that provides the highest profit and the fewest employees, apply a single-criterion decision process.

Accepted Answer

A) True 
 B)False

Question 6

A feasible solution is one that satisfies at least one of the constraints in the problem.

Accepted Answer

A) True 
 B)False

Question 7

The process of decision making is more limited than that of problem solving.

Accepted Answer

A) True 
 B)False

Question 8

The feasible solution is the best solution possible for a mathematical model.

Accepted Answer

A) True 
 B)False

Question 9

If you are deciding to buy either machine A, B, or C with the objective of minimizing the sum of labor, material and utility costs, you are dealing with a single-criterion decision.

Accepted Answer

A) True 
 B)False

Question 10

A model that uses a system of symbols to represent a problem is called

Accepted Answer

A)  mathematical. 
B)  iconic. 
C)  analog. 
D)  constrained. 
A)  mathematical. 
B)  iconic. 
C)  analog. 
D)  constrained.

Question 11

The value of any model is that it enables the user to make inferences about the real situation.

Accepted Answer

A) True 
 B)False

Question 12

When the value of the output cannot be determined even if the value of the controllable input is known, the model is

Accepted Answer

A)  analog. 
B)  digital. 
C)  stochastic. 
D)  deterministic. 
A)  analog. 
B)  digital. 
C)  stochastic. 
D)  deterministic.

Question 13

The field of management science

Accepted Answer

A)  concentrates on the use of quantitative methods to assist in decision making. 
B)  approaches decision making rationally, with techniques based on the scientific method. 
C)  is another name for decision science and for operations research. 
D)  each of these choices are true. 
A)  concentrates on the use of quantitative methods to assist in decision making. 
B)  approaches decision making rationally, with techniques based on the scientific method. 
C)  is another name for decision science and for operations research. 
D)  each of these choices are true.

Question 14

The first step in the decision making process is to identify the problem.

Accepted Answer

A) True 
 B)False

Question 15

The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis.

Accepted Answer

A) True 
 B)False

Question 16

Decision criteria

Accepted Answer

A)  are the choices faced by the decision maker. 
B)  are the problems faced by the decision maker. 
C)  are the ways to evaluate the choices faced by the decision maker. 
D)  must be unique for a problem. 
A)  are the choices faced by the decision maker. 
B)  are the problems faced by the decision maker. 
C)  are the ways to evaluate the choices faced by the decision maker. 
D)  must be unique for a problem.

Question 17

Problem definition

Accepted Answer

A)  includes specific objectives and operating constraints. 
B)  must occur prior to the quantitative analysis process. 
C)  must involve the analyst and the user of the results. 
D)  each of these choices are true. 
A)  includes specific objectives and operating constraints. 
B)  must occur prior to the quantitative analysis process. 
C)  must involve the analyst and the user of the results. 
D)  each of these choices are true.

Question 18

The most critical component in determining the success or failure of any quantitative approach to decision making is problem definition.

Accepted Answer

A) True 
 B)False

Question 19

Model development should be left to quantitative analysts; the model user's involvement should begin at the implementation stage.

Accepted Answer

A) True 
 B)False

Question 20

The volume that results in marginal revenue equaling marginal cost is called the break-even point.

Accepted Answer

A) True 
 B)False

A toy train layout designed to represent an actual railyard is an example of an analog model.

Frederick Taylor is credited with forming the first MS/OR interdisciplinary teams in the 1940's.

In a multicriteria decision problem

Decision alternatives

To find the choice that provides the highest profit and the fewest employees, apply a single-criterion decision process.

A feasible solution is one that satisfies at least one of the constraints in the problem.

The process of decision making is more limited than that of problem solving.

The feasible solution is the best solution possible for a mathematical model.

If you are deciding to buy either machine A, B, or C with the objective of minimizing the sum of labor, material and utility costs, you are dealing with a single-criterion decision.

A model that uses a system of symbols to represent a problem is called

The value of any model is that it enables the user to make inferences about the real situation.

When the value of the output cannot be determined even if the value of the controllable input is known, the model is

The field of management science

The first step in the decision making process is to identify the problem.

The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis.

Decision criteria

Problem definition

The most critical component in determining the success or failure of any quantitative approach to decision making is problem definition.

Model development should be left to quantitative analysts; the model user's involvement should begin at the implementation stage.

The volume that results in marginal revenue equaling marginal cost is called the break-even point.

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Simulation

Decision Analysis

Multicriteria Decisions

Forecasting

Markov Processes

Filters

Exam 1: Introduction

A toy train layout designed to represent an actual railyard is an example of an analog model.

Frederick Taylor is credited with forming the first MS/OR interdisciplinary teams in the 1940's.

In a multicriteria decision problem

Decision alternatives

To find the choice that provides the highest profit and the fewest employees, apply a single-criterion decision process.

A feasible solution is one that satisfies at least one of the constraints in the problem.

The process of decision making is more limited than that of problem solving.

The feasible solution is the best solution possible for a mathematical model.

If you are deciding to buy either machine A, B, or C with the objective of minimizing the sum of labor, material and utility costs, you are dealing with a single-criterion decision.

A model that uses a system of symbols to represent a problem is called

The value of any model is that it enables the user to make inferences about the real situation.

When the value of the output cannot be determined even if the value of the controllable input is known, the model is

The field of management science

The first step in the decision making process is to identify the problem.

The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis.

Decision criteria

Problem definition

The most critical component in determining the success or failure of any quantitative approach to decision making is problem definition.

Model development should be left to quantitative analysts; the model user's involvement should begin at the implementation stage.

The volume that results in marginal revenue equaling marginal cost is called the break-even point.

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Simulation

Decision Analysis

Multicriteria Decisions

Forecasting

Markov Processes

Filters